fundamental reform, simply printing money can only delay the problem. cannot solve the problem. so my biggest worry, actually, is that when the europeans are done with the reforms, the world's international -- the world's financial sector will focus their attention upon the u.s. members, and the numbers are not as pretty as the europeans. >> what is the fix then in america? what is the reform? what are items click, click, click one, two, three in order of priority? >> i really think one way or the other, the americans have to make hard decision. either have to increase tackization, one way or the other, by introducing new taxes or they have to cut substantially their entitlement expenditure. one way or the other. >> you see you're talking about two different things. the democratic camp, the obama administration would be for raising revenues through taxes, but cutting entitlements is something that's sort of the domain, the province of the romney and ryan ticket.